WWE recently announced, via a press release, that this past April’s WrestleMania 39 Event generated a total of $215 Million in economic impact for the region of Los Angeles, California. It was also noted on the press release that this marks a brand-new record, which broke this past year’s WrestleMania 38 economic impact for the region of Arlington, Texas and since 2016, The Grandest Stage Of Them All has generated more than WWE’s cumulative economic impact for the cities they have hosted the event in.
You can check out the full press release below:
WrestleMania Generates $215 Million for Los Angeles Region
–(BUSINESS WIRE)– WWE® (NYSE: WWE) today announced that WrestleMania generated in economic impact for the region this past April, according to a study conducted by Applied Analysis. This marks a new company record breaking last year’s in economic impact for the / region.
Since 2016, WrestleMania has generated more than in cumulative economic impact for the cities that have hosted the event.
A capacity crowd of 161,892 fans attended WWE’s pop-culture extravaganza over the course of two nights last April at SoFi Stadium, making it the highest-grossing and most-attended event in WWE history. Key highlights from the study include:
- By continuing to broaden the week’s schedule of events, out-of-town visitors stayed an average of 4.1 nights in.
- More than half of attendees traveled to from outside of southern , with 15% of attendees traveling in from international markets.
- Visitors had an annual average income of more than.
Next year, WrestleMania will take place Saturday, April 6 and Sunday, April 7 live from Lincoln Financial Field in . The event will stream live exclusively on Peacock in and WWE Network everywhere else. Tickets go on sale Friday, August 18.
WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized leader in global entertainment. The Company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family-friendly entertainment on its television programming, premium live events, digital media and publishing platforms. WWE’s TV-PG programming can be seen in more than 1 billion homes worldwide in 25 languages through world-class distribution partners including NBCUniversal, FOX, BT Sport, Sony India and Rogers. The award-winning WWE Network includes all premium live events, scheduled programming and a massive video-on-demand library and is currently available in more than 180 countries. In , NBCUniversal’s streaming service, Peacock, is the exclusive home to WWE Network.
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These forward-looking statements are subject to uncertainties relating to, without limitation, the consummation of the pending business combination with UFC in the expected timeline or at all; diversion of management’s time and attention due to the pending business combination with UFC: the availability of sufficient cash at the close of our transaction with UFC to distribute to shareholders of the new public company in line with current expectations; possible disruptions in our content delivery and online operations and our those of our business partners; privacy norms and regulations; our need to continue to develop creative and entertaining programs and events; our need to retain and continue to recruit key performers; the possibility of a decline in the popularity of our brand of sports entertainment: possible adverse changes in the regulatory atmosphere and related private sector initiatives: the highly competitive, rapidly changing and increasingly fragmented nature of the markets in which we operate and/or our inability to compete effectively, especially against competitors with greater financial resources or marketplace presence; uncertainties associated with international markets including possible disruptions and reputational risks; our difficulty or inability to promote and conduct our live events and/or other businesses if we do not comply with applicable regulations; our dependence on our intellectual property rights, our need to protect those rights, and the risks of our infringement of others’ intellectual property rights; potential substantial liability in the event of accidents or injuries occurring during our physically demanding events; large public events as well as travel to and from such events; our expansion into new or complementary businesses, strategic investments and/or acquisitions; our accounts receivable; the construction and move to our new leased corporate and media production headquarters; litigation and other actions, investigations or proceedings; a change in the tax laws of key jurisdictions; inflationary pressures and interest rate changes; our indebtedness including our convertible notes; our potential failure to meet market expectations for our financial performance; our share repurchase program; the impact of actions by Mr. McMahon (our controlling shareholder, whose interests could conflict with those of our Class A common stockholders); the substantial number of shares are eligible for sale by the McMahons and the sale, or the perception of possible sales, of those shares could cause our stock price to decline; and the volatility in trading prices of our Class A common stock. In addition. our dividend and share repurchases are dependent on a number of factors, including among other things, our liquidity and historical and projected cash flow, strategic plan (including alternative uses of capital, our financial results and condition, contractual and legal restrictions, general economic and competitive conditions and such other factors as our Board may consider relevant.
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